Not all auto insurance companies are created equally. Many offer benefits that are the same, but most have just a little something that sets them apart from other auto insurance companies in their field. When you are searching for a car insurance company, there are few things to consider. Here are a few suggestions on how to find the right auto insurance company to fit your individual and family needs.
A good place to begin researching auto insurance companies is your state’s department of insurance web site. Most of these web sites list what is called a CCR (consumer complaint ratio) for auto insurance companies in your state. This ratio lets you know how many complaints an insurance company received per 1,000 claims. You’ll want to keep track of the auto insurance companies that have favorable ratios.
A second way to find a list of good auto insurance companies is to check with A.M. Best. A.M. Best is a rating company that rates insurance companies based on financial stability, claims payments, policy rates, etc. You can visit the A.M. Best web site (http://www.ambest.com) to gather information on the auto insurance companies you receive quotes from before you fill out the application.
Finally, you can try working with an insurance agent. It is important to note that there are two types of agents. The first type of agent is an independent agent (broker) who represents many insurance companies and the second is a captive agent who represents just one insurance company. Captive agents can not shop around your auto insurance rates unless the primary company they work with allows them to do so. Independent agents will shop around for you, but be sure to ask a lot of questions to be sure you are getting placed with a good company that will be there when you need them.